OCR Text |
Show BUSINESS PROSPECTS. Xew York commercial letters speak encouragingly of the business nrot-pects. nrot-pects. In some brandies a considerable consider-able improvement ii shown. The treasury reports of the exports and imports for the last fiscal year indicate indi-cate a healthier state of afLiira than has prevailed for some time past. The exports exceeded the imports by about $100,OJ0,U00, and it would worst of tho financial panic, American Ameri-can breadstuus having been largely in demand for exportation, while the British, fabrics have in vain sought for their former profitable market in America. Our grain crops promise an average yield, and though there is no prospect of a large immediate advance ad-vance in prices, a larger amount or bread tuffs will be shipped than if higb rates prevailed. The result of the presidential campaign is likely to have a favorable effect upon buaiuets, as it will indicate tne tendencies and policy of the government for at least two years. What is necessary to inspire con fid coco is a settled policy, and an understanding that tber are to be no violent changes in financial legislation which may place either the debtor or the creditor class at tho mercy of the other. It is quite time also that congress con-gress should cease to array one sec lion of the country againat the other for political capital. The north and south must work harmoniously to gether in order to restore the prosperity prosper-ity of the whole community and build up its shattered enterprises. It must now be clear enough to the apprehension appre-hension of all lliAt the interests of eveiy part of the United States are dependent on each other. Tho northern nor-thern b tales havo realized nothing out of the losses of tho south during the war; bo mo individuals have been enriched, en-riched, but tho majority have boen made poorer by the operation of tliu CHUM which impoverished the people peo-ple of tho south. There is reason to believo that our sectional war had a greater cflect in producing tho business busi-ness panic ot 18.'i thuri any other causfi, and our fiinuicial revolution revolu-tion rmicling upon tho world, spread b'uiri'.M disi-tcr fur and wide. The panic having originated in the United States this country will probably proba-bly be the first to leel the commencement commence-ment of the restoration of confidence and tho establishment of profitable business relations, which once fairly under way will enlist the energies and abilities ot an active and vigorous army of ambitious young men. Capital Capi-tal will fiow to their aid and enterprises enter-prises and industry will resume its operations, unhampered by many of the difficulties and uncertainties of the paet. Tho basis of business operations op-erations will be a more solid one, not liable to the feverish fluctuations of the days of war and bhoddy. If, in the meantime, the voters of the country shall follow up the political revolution inugurated by the democratic demo-cratic house of representatives and infusesome fresh blood into the Washington Wash-ington government, the prospects of an economical and sensible control of national affairs, a decrease of the official offi-cial ring and the enforcement oi economy in public affairs, there will be a groat point gained in behall of good government. |